Bill > HB05978

This bill proposes establishing a refundable tax credit for news organizations that provide local community coverage within the state. Specifically, the bill would provide a tax credit of $15,000 for each journalist employed in the state by a qualifying news organization, with an additional $25,000 credit for each new journalist hired within the state. The total tax credit for any single news organization would be capped at $150,000. A refundable tax credit means that if the credit exceeds the organization's tax liability, the organization would receive the difference as a direct payment. The purpose of this legislation appears to be supporting local journalism by providing financial incentives for news organizations to maintain and expand their local reporting staff, potentially helping to sustain local news coverage in communities that may be struggling with declining media resources.

Budget and Finance

https://www.cga.ct.gov/asp/cgabillstatus/cgabillstatus.asp?selBillType=Bill&bill_num=HB05978&which_year=2025